- Set up financial statements
- Prepare accounts and operating statements
- Complete SMSF setup administrative tasks
- Manage day-to-day fund-related activities to complete your administrative and reporting obligations
- Prepare an investment strategy – inform you of different insurance products and advise you on the most optimal one for your case
- Complete and lodge SMSF annual form, as well as advise on matters related to tax.
Our SMSF setup professional’s service is to help guide you through this complex process, thus minimising the stress that comes with managing your own SMSF. Our goal is to make sure you complete all your obligations accurately and compliant with ATO SMSF regulations.
Contact us today so we can help you to setting up your own SMSF to see the benefits it can provide for your retirement. You can also schedule to chat with us through Zoom or Teams where you can talk to our SMSF setup advisor
All Self-Managed Super Funds need to be Audited
Our trusted partner auditor offers SMSF audit services to complete the analysis of your fund’s financial statements and assess the compliance with superannuation law.
The responsibility of an auditor is to examine the accuracy of your fund’s accounting records, as well as to ensure the funds comply with the legislation governing super funds.
The SMSF sector is ever-evolving and it is imperative that you choose an auditor who employs up-to-date audit practices. We are continually improving the processes in our SMSF audits to deliver a personalised service to all our clients. Our SMSF auditors are licensed and have enough resources to help them meet the ASIC compliance standards. Our Accountants and Auditors have conducted SMSF audits for a multitude of clients.
The superannuation legislation requires an investment strategy to be in place. Their financial planner had already prepared an investment strategy that considered the following matters which form part of a compliant investment strategy:
- diversification
- the risks associated with inadequate diversification
- how the likely return from their investments measures up to their retirement objectives
- the liquidity (cashflow) of their investments, and
- member insurance needs
We also confirmed with the SMSF auditor that the investment strategy would comply.
Self-managed super funds (SMSF) operate under a host of regulatory requirements. It is a legal requirement for all SMSFs to be audited annually. If you run a SMSF, it is imperative that a registered SMSF auditor audits your fund on an annual basis. An auditor is required to examine the accuracy and validity of the record and ensure they are in compliance with superannuation rules.
The responsibility of an auditor is to examine the accuracy of your fund’s accounting records, as well as to ensure the funds comply with the legislation governing super funds. Not only do we use this technical and practical knowledge to advise our clients about any potential problems that may occur, but we also provide solutions to those problems.
Our SMSF auditors are licensed and have enough resources to help them meet the ASIC compliance standards. Our Accountants and Auditors have conducted SMSF audits for a multitude of clients.
If you are looking to borrow through a SMSF, it’s vital to obtain professional advice before signing a contract to ensure you understand the benefits, risks and costs associated with a SMSF.
Self Managed Super Funds must have a trust deed to set out the rules of the fund. This deed, along with superannuation legislation, form the fund’s governing rules and dictate how the fund can operate.
The changes in superannuation legislation have a tendency to age SMSF trust deeds. If your deed was written a long time ago, or wasn’t drafted well to begin with, you may find that it doesn’t allow you to do the things you want to do.
You can schedule a consultation with us to get more detailed information on your needs. We take advantage of this meeting to get more details about you and the specifics of your situation because we know that each client has a unique set of requirements. Based on the details of your individual case, we provide advice on the best possible approach to SMSF audit and state the fees of our services upfront.
